From VICE · Luis Prada · · 30s
Older Americans Losing Billions to Scammers
Older Americans lost $3 billion to scammers in 2025, with unrecorded losses potentially reaching $119.5 billion.
In brief
Older Americans lost $3 billion to scammers in 2025, with unrecorded losses potentially reaching $119.5 billion. Older Americans lost $3 billion to scammers in 2025, with unrecorded losses potentially reaching $119.5 billion. Originally reported by VICE.
Scam Losses Surge
Older Americans lost $3 billion to scammers in 2025, up from $600 million in 2020.
Unrecorded Damages
Total unrecorded damages from fraud targeting older adults could reach $119.5 billion.
Scam Methods
Investment scams stole over $1 billion, while phone calls caused the highest individual losses.
The key point
Older Americans lost $3 billion to scammers in 2025, with unrecorded losses potentially reaching $119.5 billion.
